GC=F vs. FXA
Compare and contrast key facts about Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or FXA.
Correlation
The correlation between GC=F and FXA is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GC=F vs. FXA - Performance Comparison
Key characteristics
GC=F:
2.48
FXA:
-0.47
GC=F:
3.06
FXA:
-0.59
GC=F:
1.44
FXA:
0.93
GC=F:
4.61
FXA:
-0.11
GC=F:
11.62
FXA:
-1.02
GC=F:
3.17%
FXA:
3.85%
GC=F:
14.46%
FXA:
8.35%
GC=F:
-44.36%
FXA:
-40.97%
GC=F:
-1.74%
FXA:
-35.29%
Returns By Period
In the year-to-date period, GC=F achieves a 4.21% return, which is significantly higher than FXA's 0.23% return. Over the past 10 years, GC=F has outperformed FXA with an annualized return of 6.87%, while FXA has yielded a comparatively lower -2.01% annualized return.
GC=F
4.21%
5.70%
14.38%
35.21%
10.54%
6.87%
FXA
0.23%
-0.57%
-6.58%
-4.61%
-1.71%
-2.01%
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Risk-Adjusted Performance
GC=F vs. FXA — Risk-Adjusted Performance Rank
GC=F
FXA
GC=F vs. FXA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
GC=F vs. FXA - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, which is greater than FXA's maximum drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for GC=F and FXA. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. FXA - Volatility Comparison
Gold (GC=F) has a higher volatility of 3.41% compared to Invesco CurrencyShares Australian Dollar Trust (FXA) at 1.75%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.